Post Utme Osustech 2017 Accounting Question 17

Practice objective / multiple choice question 17 from the 2017 Post Utme Osustech Accounting examination.

Post Utme Osustech 2017 Accounting Objective / Multiple Choice
Question 17 POST_UTME_OSUSTECH • 2017 • ACCOUNTING • objective

A company's cash book shows a credit balance of ₦10,000 in the account 'Bank'. However, the company's bank statement shows a debit balance of ₦5,000. What is the correct treatment of this discrepancy?

Answer Options

A. Debit the Bank account and credit the Cash account.
Correct Answer B. Credit the Bank account and debit the Cash account.
C. Debit the Cash account and credit the Bank account.
D. Credit the Cash account and debit the Bank account.
Correct Answer
B
Correct Option:
Credit the Bank account and debit the Cash account.

About This Question

This is Post Utme Osustech 2017 Accounting Question 17. It is one of the objective questions from the 2017 Post Utme Osustech Accounting examination.

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